Anchor Capital Advisors LLC lessened its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 220,019 shares of the transportation company’s stock after selling 6,121 shares during the quarter. Anchor Capital Advisors LLC owned 0.13% of Expeditors International of Washington worth $14,981,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of EXPD. Wetherby Asset Management Inc. lifted its holdings in shares of Expeditors International of Washington by 2.3% during the fourth quarter. Wetherby Asset Management Inc. now owns 7,426 shares of the transportation company’s stock worth $505,000 after purchasing an additional 167 shares during the period. Arlington Partners LLC lifted its holdings in shares of Expeditors International of Washington by 1.5% during the fourth quarter. Arlington Partners LLC now owns 11,715 shares of the transportation company’s stock worth $798,000 after purchasing an additional 170 shares during the period. Securian Asset Management Inc lifted its holdings in shares of Expeditors International of Washington by 1.0% during the fourth quarter. Securian Asset Management Inc now owns 17,801 shares of the transportation company’s stock worth $1,212,000 after purchasing an additional 173 shares during the period. Contravisory Investment Management Inc. lifted its holdings in shares of Expeditors International of Washington by 4.8% during the fourth quarter. Contravisory Investment Management Inc. now owns 5,775 shares of the transportation company’s stock worth $393,000 after purchasing an additional 262 shares during the period. Finally, ETF Managers Group LLC lifted its holdings in shares of Expeditors International of Washington by 17.2% during the fourth quarter. ETF Managers Group LLC now owns 2,083 shares of the transportation company’s stock worth $142,000 after purchasing an additional 306 shares during the period. 93.38% of the stock is owned by institutional investors and hedge funds.

In other Expeditors International of Washington news, insider Jeffrey S. Musser sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $75.95, for a total value of $2,278,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher J. Mcclincy sold 2,371 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $73.67, for a total value of $174,671.57. The disclosure for this sale can be found here. Insiders sold 37,371 shares of company stock valued at $2,820,772 over the last three months. 0.99% of the stock is currently owned by corporate insiders.

EXPD has been the subject of a number of research reports. BidaskClub raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Tuesday, November 27th. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday, November 13th. Finally, Goldman Sachs Group downgraded Expeditors International of Washington from a “neutral” rating to a “sell” rating and set a $68.00 target price for the company. in a report on Friday, December 7th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Expeditors International of Washington has an average rating of “Hold” and an average price target of $69.33.

Shares of NASDAQ:EXPD opened at $71.12 on Friday. Expeditors International of Washington has a 12-month low of $59.10 and a 12-month high of $78.16. The company has a market capitalization of $12.27 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 2.57 and a beta of 0.76.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 6th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.14. Expeditors International of Washington had a return on equity of 28.98% and a net margin of 7.76%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the company posted $0.66 earnings per share. Expeditors International of Washington’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities research analysts predict that Expeditors International of Washington will post 3.3 EPS for the current fiscal year.

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About Expeditors International of Washington

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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